D-Wave Quantum's (QBTS) "Buy" Rating Reaffirmed at Rosenblatt Securities

Key Points

• Rosenblatt Securities reaffirmed its “Buy” rating on D-Wave Quantum and maintained a $43 price target, implying 121.54% potential upside from the reported $19.41 share price.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $35.73; 13 analysts rate the stock a Buy.
• D-Wave’s latest quarter showed an EPS loss of $0.05, better than estimates, but revenue of $2.86 million fell well short of expectations and declined 80.9% year over year. Insiders have sold approximately $35.8 million of shares over the past 90 days.

D-Wave Quantum (NYSE:QBTS - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at Rosenblatt Securities in a note issued to investors on Friday,Benzinga reports. They currently have a $43.00 price target on the stock. Rosenblatt Securities' price target points to a potential upside of 121.54% from the company's current price.

Other equities analysts have also recently issued reports about the stock. Northland Securities initiated coverage on shares of D-Wave Quantum in a report on Monday, April 20th. They issued a "market perform" rating and a $22.00 target price on the stock. Stifel Nicolaus set a $35.00 price objective on shares of D-Wave Quantum in a research report on Tuesday, June 2nd. Weiss Ratings upgraded shares of D-Wave Quantum from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, June 23rd. Jefferies Financial Group reaffirmed a "buy" rating on shares of D-Wave Quantum in a report on Tuesday, May 12th. Finally, B. Riley Financial upped their target price on shares of D-Wave Quantum from $36.00 to $40.00 and gave the company a "buy" rating in a report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $35.73.

D-Wave Quantum Trading Down 9.3%

NYSE:QBTS opened at $19.41 on Friday. The stock's 50 day moving average price is $21.93 and its 200 day moving average price is $20.59. The company has a market capitalization of $7.18 billion, a PE ratio of -17.18 and a beta of 2.15. The company has a quick ratio of 21.31, a current ratio of 21.41 and a debt-to-equity ratio of 0.03. D-Wave Quantum has a 52-week low of $12.75 and a 52-week high of $46.75.

D-Wave Quantum (NYSE:QBTS - Get Free Report) last released its quarterly earnings results on Tuesday, May 12th. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.03. The company had revenue of $2.86 million for the quarter, compared to analyst estimates of $4.19 million. D-Wave Quantum had a negative return on equity of 44.06% and a negative net margin of 2,957.23%.The firm's revenue was down 80.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.02) earnings per share. On average, research analysts anticipate that D-Wave Quantum will post -0.42 EPS for the current year.

Insider Transactions at D-Wave Quantum

In other D-Wave Quantum news, CFO John M. Markovich sold 200,000 shares of the business's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $25.71, for a total transaction of $5,142,000.00. Following the completion of the transaction, the chief financial officer directly owned 1,142,820 shares of the company's stock, valued at $29,381,902.20. The trade was a 14.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Sophie C. Ames sold 3,070 shares of the company's stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $16.95, for a total transaction of $52,036.50. Following the completion of the transaction, the vice president owned 589,009 shares of the company's stock, valued at approximately $9,983,702.55. This trade represents a 0.52% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,363,842 shares of company stock worth $35,789,148 over the last 90 days. Corporate insiders own 1.30% of the company's stock.

Hedge Funds Weigh In On D-Wave Quantum

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Root Financial Partners LLC raised its stake in D-Wave Quantum by 388.0% during the 4th quarter. Root Financial Partners LLC now owns 976 shares of the company's stock valued at $26,000 after acquiring an additional 776 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of D-Wave Quantum by 545.5% in the first quarter. Parallel Advisors LLC now owns 1,788 shares of the company's stock worth $26,000 after purchasing an additional 1,511 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of D-Wave Quantum during the fourth quarter valued at $28,000. PeakShares LLC acquired a new position in shares of D-Wave Quantum during the first quarter valued at $29,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of D-Wave Quantum by 267.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company's stock valued at $30,000 after purchasing an additional 838 shares during the period. 42.47% of the stock is owned by institutional investors.

D-Wave Quantum News Roundup

Here are the key news stories impacting D-Wave Quantum this week:

• Positive Sentiment: Bookings surged approximately 1,100% to $40.7 million, while revenue-generating customer orders increased sharply. Management said the growth strengthens D-Wave’s position in the commercial quantum-computing market. Why D-Wave Quantum Stock Fell After Earnings Revealed in a 1,120% Surge in Bookings
• Positive Sentiment: D-Wave reported a Nature-published hardware breakthrough involving a high-fidelity, two-qubit entangling gate and quantum-error-correction architecture. The research could support its longer-term transition toward practical, fault-tolerant gate-model systems. D-Wave Demonstrates Major Hardware Breakthrough
• Positive Sentiment: Some Wall Street commentary remains bullish on quantum-computing stocks, citing potential industry advances in 2026 and analyst upside for D-Wave and its peers. 3 Quantum Computing Stocks With the Most Analyst Upside in August

D-Wave Quantum Company Profile

D-Wave Quantum Inc NYSE: QBTS develops and provides quantum computing systems, software and services focused on quantum annealing technology. Headquartered in Burnaby, British Columbia, D-Wave designs specialized processors that leverage quantum mechanics to solve complex optimization and sampling problems. Since its founding in 1999 by physicists including Geordie Rose, the company has pursued the development of commercially viable quantum hardware and accompanying software tools.

The company's product portfolio centers on its quantum annealers, which are complemented by hybrid solvers that integrate classical and quantum computing resources.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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